Karachi: Maqbool Textile Mills Limited has announced a decision to lease out Unit No. 3 located at Rajana Road, Pir Mahal, District Toba Tek Singh, according to an official statement released by the company. The announcement was made on July 10, 2026, following a board meeting that took place on the same day at 11:30 a.m.

In compliance with the Securities Act, 2015, and the Pakistan Stock Exchange Regulations, the board of directors approved the proposal to lease the unit, alongside the finalization of the lease agreement's terms and conditions. The board has authorized Mr. Tanvir Ahmad Sheikh, Director/Chairman, and Mr. Anis Ahmad Sheikh, Director, to negotiate, execute, and sign the lease agreement and all related documents on behalf of the company as the lessor.

According to information available from the Pakistan Stock Exchange (PSX), this move aims to optimize the utilization of the company's assets, aligning with its operational and financial objectives. While specific financial details were not disclosed, the company assured stakeholders that further information would be provided in accordance with applicable laws and regulations.

The decision reflects a strategic approach by Maqbool Textile Mills Limited to enhance asset efficiency and contribute to its broader business goals. Stakeholders are advised to await further announcements for additional details as required by the regulatory framework.